Changes to Steemit Upvote Ecology
Yo yo people figured I'd talk about observations I have made about changes to steemit upvote market ecology. The first major change I noticed was Grumpy Cat's continuing war on 3.5+ day upvote bots.
Now other bots claiming in the name of countering reward abuse have destroyed all sbd profitability from upvote bidding by instituting capped upvotes. So despite you being able to lose by people overbidding, if you happen to put in a bid that is profitable they will cap it to help their profitability while not refunding you.
Very interesting change. Now sure some people seemed to be getting mad about promo for content they disagree with so this energy probably helped the up vote bots make this new way to increase their profitability while destroying it for the consumer. The following bots of larger upvotes seem to have this new anticompetitive capps, so I will not be likely to use them anymore:
postpromoter
buildawhale
smartsteem.
upmyvote
The following Grumpycat compliant bots I will continue to use:
upme
appreciator
upmewhale
pushup
jerrybanfield
Another cool change to market ecology on steembottracker from yabamatt, is adding tracking the minimum post time, some of the bots if a bid comes in below the time will rollover the bid really hurting the curation take.
It will be interesting how these changes occur and continue, but these changes have significantly made my time investment very high so seriously considering just becoming an upvote bot--especially a capped super profitable one so they I no longer need to add content to the network--but we will see if things change.
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awesome and informmative post
thanks, glad you liked it!!
I am pretty new to this platform and do not have a tech/IT mind at all. It seems to me that having bots to upvote posts favors the technologically savvy or the deep pockets that fund these bots regardless of the quality of the content. At such it is no longer a meritocratic system whereby hard work and quality content determine your place in the food chain, but it just replicates the oligarchic structure of the "real world". I may be off, but if I am not, does it beg the questions: Should bots be booted from this space? Is Steemit to be a social experiment of an idealist nature or just another way to make a handful of people rich?
Some interesting ideas. If all are to be equal then there shouldnt be upvote bots, but I think rewarding people for acting well in the past helps encourage and incentivize participating on steem.
I totally agree with you about rewarding people who have acted well in the past and incentivizing participation. We all want to see the fruit of our labor, but the problem comes in when it is not a level playing field. Perhaps it is more about equitability, where everyone gets a fair shot, than equality, since some people are better shots than others (I'm not even sure that equality even exists or is possible). That the upvote of an individual who contributes hight quality content, resources, or sheer hard work (and I know this platform doesn't run itself) be weighted according to his/her contribution is totally fair. It makes perfect sense to me that the upvote of an end-user such as myself have a lower value. I am sure that algorithms determine the "weight", or "value" of each user are already in place. Without the bots, the platform would develop in a much more organic way, a little like nature that is allowed to take its course, as opposed to industrial farming which may initially yield monster crops but actually interferes with nature, contributes to malnutrition and inches us ever closer to the demise of the planet. I would like to see Steemit succeed, but am afraid that the bots (interesting name, by the way) carry within them the seeds of an eventual destruction of this platform.
yea idk if bots are really the problems since the value behind them represents money/work, but their are a lot of problems particularly the constantly shifting value that distorts incentives
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i enjoy your post! thanks
thanks, glad you liked it!!
I think being the bot is the grand plan. Take your time back and pursue other intrestes. Can always put up a post when you want to, just don't have to.
yea ive got a lot to post but gotta automate everything can't wait to have it automated in a few weeks!!
Great post, thank you for the information
thanks, glad you liked it!!
Yeah, bots seem to be where this platform is going.
When in Rome.
yea, seems like Ive been getting less spam comments lately, but that might just be a decrease in payout total due to the shifting incentives. Hope youre doing well Lex!!